SAREGAMA - Losing Shine
Updated
SAREGAMA was trading around supports of EMA 50 on a daily charts, it never broke that support on the charts, Finally after huge volatility in the markets it is not able to sustain the support and eventually brock that support. A support of 4250 is visible in the charts, if it breaks without much consolidating, the stock is about to correct.... and eventually heading towards next support as indicated on the charts.
DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
Note
SUPPORTS BROKEN, MINOR PULL-BACK , FINALLY TRADING BELOW SUPPORTS, 2ND TARGET IS ON....
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